Mark Asset Management Corp lifted its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,368 shares of the Wireless communications provider’s stock after acquiring an additional 16,118 shares during the period. T-Mobile Us makes up about 1.6% of Mark Asset Management Corp’s portfolio, making the stock its 26th largest holding. Mark Asset Management Corp’s holdings in T-Mobile Us were worth $6,833,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Zions Bancorporation bought a new stake in shares of T-Mobile Us during the 3rd quarter worth approximately $102,000. NEXT Financial Group Inc bought a new stake in shares of T-Mobile Us during the 3rd quarter worth approximately $105,000. Stratos Wealth Partners LTD. bought a new stake in shares of T-Mobile Us during the 3rd quarter worth approximately $111,000. SeaCrest Wealth Management LLC lifted its holdings in shares of T-Mobile Us by 92.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after acquiring an additional 1,350 shares during the period. Finally, Arrow Financial Corp bought a new stake in shares of T-Mobile Us during the 3rd quarter worth approximately $175,000. 32.87% of the stock is owned by institutional investors.

TMUS stock opened at $66.57 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. T-Mobile Us Inc has a 1 year low of $55.09 and a 1 year high of $70.94. The company has a market cap of $58.07 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.24 and a beta of 0.42.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.08. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.73 billion. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that T-Mobile Us Inc will post 3.33 earnings per share for the current fiscal year.

In other T-Mobile Us news, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $68.93, for a total value of $1,033,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the transaction, the executive vice president now owns 117,523 shares of the company’s stock, valued at $8,226,610. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,192 shares of company stock valued at $5,880,673. Corporate insiders own 0.37% of the company’s stock.

A number of brokerages have recently weighed in on TMUS. Macquarie reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Wednesday, November 21st. Guggenheim started coverage on shares of T-Mobile Us in a research report on Thursday, November 1st. They set a “buy” rating for the company. Moffett Nathanson reiterated a “buy” rating on shares of T-Mobile Us in a research report on Wednesday, October 31st. Nomura upped their price objective on shares of T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Finally, BidaskClub cut shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $73.92.

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T-Mobile Us Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Read More: Cost of Capital Explained

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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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